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Trending ETFs

Name

As of 06/17/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$13.16

$62.1 M

0.00%

1.95%

Vitals

YTD Return

-0.5%

1 yr return

5.9%

3 Yr Avg Return

2.7%

5 Yr Avg Return

4.7%

Net Assets

$62.1 M

Holdings in Top 10

48.0%

52 WEEK LOW AND HIGH

$13.1
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.95%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 67.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,500

IRA

$1,000


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/17/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$13.16

$62.1 M

0.00%

1.95%

BSVSX - Profile

Distributions

  • YTD Total Return -0.5%
  • 3 Yr Annualized Total Return 2.7%
  • 5 Yr Annualized Total Return 4.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.57%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Baird Equity Opportunity Fund
  • Fund Family Name
    Baird
  • Inception Date
    May 01, 2012
  • Shares Outstanding
    145
  • Share Class
    Investor
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Joseph Milano

Fund Description

The Fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities. However, the Fund will not borrow for investment purposes.
The Fund invests primarily in a select portfolio of equity securities of companies with small- to medium-market capitalizations (those with market capitalizations, at the time of purchase, of less than $20 billion). Although the Fund invests principally in U.S. companies, the Fund may invest up to 15% of its total assets in equity securities of foreign companies.
Equity securities in which the Fund may invest include common stocks, preferred stocks, American Depositary Receipts (“ADRs”) or other depositary shares or receipts, rights, warrants, exchange-traded funds (“ETFs”), and options whose reference asset is an equity security or equity securities index.In addition to equity ETFs, the Fund may also invest in ETFs generally. The Fund may also purchase and sell (or write) options to hedge its portfolio or enhance returns.
TheFund will normally hold a limited number (typically 25 to 50) of companies. However, the Fund may hold fewer or more companies from time to time and invest in companies with larger market capitalizations when Greenhouse Funds LLLP (the “Subadvisor”), the Fund’s sub-advisor, believes doing so will help efforts to achieve the Fund’s investment objective. The Fund will hold a mix of both value and growth stocks as part of the Subadvisor’s opportunistic approach to investing.
The Fund is “non-diversified,” meaning that it may invest a greater percentage of its total assets in a smaller number of companies than a diversified mutual fund. Given the Subadvisor’s opportunistic investment strategy, the Fund will generally be overweight in certain sectors and underweight in other sectors, as compared to the sector weightings of the Russell 2000® Index (the Fund’s benchmark index), based on the Subadvisor’s judgment of the sectors’ relative attractiveness and its individual securities selection. The Fund may have little or no exposure to certain sectors. The Fund’s sector exposures will likely change over time, as macroeconomic, market, sector and company-specific conditions change.
In selecting investments for the Fund, the Subadvisor employs bottom-up research and fundamental analyses with a focus on companies that the Subadvisor believes possess a favorable risk/return profile. The Subadvisor seeks attractive opportunities for the Fund by evaluating industry dynamics and competitive forces as well as a company’s business model, earnings quality, profitability, cash flows, management acumen and demonstrated capital stewardship. Extensive financial modeling and valuation assessments are then used to calculate the expected risk and return, after which the Subadvisor exercises its experience and judgment to determine timing and position sizing.
The Subadvisor seeks companies with the following key attributes:
Large addressable market with a well-structured competitive landscape;
Attractive business model with a sustainable competitive advantage;
Stable or expanding profit margins and return on capital;
Positive and growing free cash flow;
Disciplined management team practicing intelligent capital deployment; and
The presence or prediction of meaningful change including business model, product set, management, capital allocation strategy and valuation.
The Subadvisor considers the following factors, among others, in deciding to sell positions: when the price objective has been reached with no change to underlying fundamentals, when a significant negative event changes the Subadvisor’s view of the company’s prospects, when target catalysts are realizedor when an investment loses its attractiveness relative to other potential opportunities. The Subadvisor will also trim or sell securities to manage the Fund’s risk related to position sizing.
Although the Subadvisor’s target investment horizon is generally measured in years, the Subadvisor may from time to time engage in short-term trading for the Fund to take advantage of potential opportunities, which may increase portfolio turnover.
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BSVSX - Performance

Return Ranking - Trailing

Period BSVSX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.5% -13.5% 21.8% 73.47%
1 Yr 5.9% -15.3% 42.8% 93.32%
3 Yr 2.7%* -10.9% 40.3% 28.41%
5 Yr 4.7%* -14.0% 32.3% 92.14%
10 Yr 4.1%* -3.3% 16.6% 94.56%

* Annualized

Return Ranking - Calendar

Period BSVSX Return Category Return Low Category Return High Rank in Category (%)
2023 13.6% -19.9% 29.0% 50.47%
2022 -34.0% -59.3% 118.2% 94.57%
2021 13.7% -31.6% 39.3% 34.29%
2020 -2.9% -51.0% 39.5% 93.15%
2019 17.7% -5.6% 37.8% 69.39%

Total Return Ranking - Trailing

Period BSVSX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.5% -13.5% 21.8% 73.47%
1 Yr 5.9% -15.3% 42.8% 93.32%
3 Yr 2.7%* -10.9% 40.3% 28.41%
5 Yr 4.7%* -14.0% 32.3% 92.14%
10 Yr 4.1%* -3.3% 16.6% 94.56%

* Annualized

Total Return Ranking - Calendar

Period BSVSX Return Category Return Low Category Return High Rank in Category (%)
2023 13.6% -11.7% 31.8% 75.61%
2022 -11.8% -45.2% 123.7% 13.67%
2021 19.2% 0.0% 47.7% 75.05%
2020 2.5% -50.5% 46.9% 86.30%
2019 18.2% 2.1% 43.7% 93.67%

NAV & Total Return History


BSVSX - Holdings

Concentration Analysis

BSVSX Category Low Category High BSVSX % Rank
Net Assets 62.1 M 529 K 145 B 88.70%
Number of Holdings 39 2 2454 95.00%
Net Assets in Top 10 30.9 M 120 K 10.3 B 71.11%
Weighting of Top 10 48.02% 3.5% 100.1% 3.35%

Top 10 Holdings

  1. Cadre Holdings Inc 6.01%
  2. Chefs' Warehouse Inc/The 5.92%
  3. Sportradar Group AG 5.55%
  4. Fluor Corp 5.36%
  5. NeoGenomics Inc 4.43%
  6. Universal Display Corp 4.25%
  7. Envestnet Inc 4.20%
  8. Blackbaud Inc 4.15%
  9. Madison Square Garden Sports Corp 4.15%
  10. Merit Medical Systems Inc 3.99%

Asset Allocation

Weighting Return Low Return High BSVSX % Rank
Stocks
98.93% 2.52% 108.16% 35.37%
Cash
0.84% 0.00% 42.16% 73.70%
Other
0.23% -0.14% 36.28% 23.52%
Preferred Stocks
0.00% 0.00% 8.35% 10.56%
Convertible Bonds
0.00% 0.00% 3.17% 7.61%
Bonds
0.00% -1.96% 82.35% 13.33%

Stock Sector Breakdown

Weighting Return Low Return High BSVSX % Rank
Industrials
29.12% 2.46% 37.42% 2.06%
Technology
25.79% 0.00% 54.70% 2.43%
Communication Services
12.78% 0.00% 14.85% 0.37%
Financial Services
6.97% 0.00% 35.52% 96.82%
Consumer Cyclical
6.47% 0.99% 47.79% 93.82%
Energy
6.40% 0.00% 37.72% 47.38%
Consumer Defense
5.47% 0.00% 18.87% 17.23%
Healthcare
5.34% 0.00% 26.53% 93.45%
Basic Materials
1.64% 0.00% 18.66% 96.82%
Utilities
0.00% 0.00% 18.58% 89.70%
Real Estate
0.00% 0.00% 29.43% 95.88%

Stock Geographic Breakdown

Weighting Return Low Return High BSVSX % Rank
US
98.93% 2.52% 108.16% 31.85%
Non US
0.00% 0.00% 91.59% 20.56%

BSVSX - Expenses

Operational Fees

BSVSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.95% 0.01% 38.45% 10.61%
Management Fee 1.25% 0.00% 1.50% 98.33%
12b-1 Fee 0.25% 0.00% 1.00% 27.64%
Administrative Fee N/A 0.01% 0.45% N/A

Sales Fees

BSVSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

BSVSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

BSVSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 67.00% 1.00% 314.00% 72.96%

BSVSX - Distributions

Dividend Yield Analysis

BSVSX Category Low Category High BSVSX % Rank
Dividend Yield 0.00% 0.00% 42.47% 79.63%

Dividend Distribution Analysis

BSVSX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Quarterly Annual

Net Income Ratio Analysis

BSVSX Category Low Category High BSVSX % Rank
Net Income Ratio 0.57% -2.40% 2.49% 27.15%

Capital Gain Distribution Analysis

BSVSX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

View More +

BSVSX - Fund Manager Analysis

Managers

Joseph Milano


Start Date

Tenure

Tenure Rank

Dec 13, 2021

0.46

0.5%

Mr. Joseph Milano serves as Chief Investment Officer, Director & Trustee at Greenhouse Funds.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 49.61 7.12 2.58